Category: Finance
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$525M Venture Fund to Back Tech, Science Companies
The venture capital company Kleiner Perkins Caufield & Byers in Menlo Park, California has closed a $525 million venture capital fund for equity investments in early-stage green technology and life sciences, as well as digital enterprise companies. The fund, Kleiner Perkins Caufield & Byers XV LLC (KPCB 15) will be led by 10 of the…
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Semiconductor Venture Investment Jumps in April
Venture capital investments in semiconductor companies worldwide rose significantly in April 2012, compared both to March and April 2011. The Global Semiconductor Alliance in London compiles and publishes these statistics each month. The organization reports that semiconductor companies received $194.2 million in venture capital in April 2012, a 10-fold increase over March 2012, and more…
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NIH Grant Awarded for Smoking Relapse Prevention Drug
National Institute on Drug Abuse, part of the National Institutes of Health (NIH), has awarded Scripps Research Institute in Jupiter, Florida a grant to develop drugs that help prevent relapse in smokers who are kicking the habit. The five-year $8.4 million grant will support a team led by Scripps researcher Paul Kenny (pictured right). Scripps…
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Funding Approved for Piracy, Policing Widget Development
The U.S. Office of Naval Research will fund development of compact Web applications, called widgets, to help international navies police for pirates and other illegal activities on the high seas. The $1 million award to support the International Collaborative Development for Enhanced Maritime Domain Awareness (ICODE MDA) project is expected to be made this fall…
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Biomaterials Developer Lands $10 Million Series C Funds
Regentis Biomaterials Ltd., based in Or Akiva, Israel and Princeton, New Jersey, has secured $10 million in series C funds, the third round of financing after initial start-up. New investors Royal DSM and Crossroad Fund, and existing investors Medica Venture Partners, SCPVitalife and the Technion Investment Opportunities Fund contributed to the round. The company’s lead…
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Canadian Aircraft Industry Funding Materials Scientist
A group of aircraft companies in Canada, with the Natural Sciences and Engineering Research Council of Canada (NSERC), are supporting the research of Suong Van Hoa at Concordia University on a new composite materials manufacturing technique. The funding, valued at $3.4 million, will support Hoa’s work for five years at the Montreal institution. Hoa (pictured…
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Report: Investment Increasing In Water Technologies
A new report by the London Environmental Investment Forum says venture capital (VC) investors are showing more interest in technologies related to water used in extractive industries, such as oil, gas, and mining. The report, “Water Innovation in Extractive Industries,” can be downloaded from the organization’s Web site. London Environmental Investment Forum is owned and…
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Air Force Funds Moving Target Network Study to Stop Hackers
Computer scientists at Kansas State University in Manhattan are investigating ways of improving the security of computer networks, by constantly changing their configurations. The project is funded by a five-year grant from the Air Force Office of Scientific Research valued at more than $1 million. Computing and information schience professors Scott DeLoach, and Xinming “Simon”…
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Group Plans Increased VC Funds for Women, Diverse Start-Ups
A new program aims to increase venture capital funding for new start-up companies owned by women and diverse minority entrepreneurs. The Venture Capital Access Program (VCAP) is a partnership of the National Association of Investment Companies, Harvard Business School Alumni Angels of Greater New York, and the Marathon Foundation. Applications close on Friday 18 May.…
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Gates Award to Fund Tattoo-Like Pregnancy Monitor Device
The Bill and Melinda Gates Foundation has awarded a Grand Challenges Explorations grant for development of an electronic device similar to a tattoo that can continuously monitor the progress of a pregnancy. The award goes to University of California-San Diego bioengineering professor Todd Coleman and materials science and engineering professor John Rogers at University of…